We're coming up to the dog days of November, waiting for another shoe to drop. Doing its best Chuck Barris imitation, GOOG inches up a little, then back a little and then up a little more. Weird, that we can't buy a thrill. The sails are slack. We're not moving up and nothing is gaining on us. Weird that the dip won't come.
But going down this hole we're in was really strange, so we shouldn't be surprised that coming out of it is strange, too. Same terrain. Through the Looking Glass is not a different place, just a different perspective.
The first time GOOG was at this price level, it motored on, straight to 741 before it hit the ceiling. This trip, it will probably take its sweet time, getting back to the high, but then blow through the ceiling like it wasn't there.